2022
Exports
$2.33MWorld Rnk 78 / 167
Flag Rnk 163 / 1051
2022
PRODUCT COMPLEXITY IN Recreational Boats
0.3Rnk 445 / 1025
2022
Imports
$43.2MWorld Rnk 45 / 217
Flag Rnk 115 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $2.33M in Recreational Boats, making it the 78th largest exporter of Recreational Boats in the world. At the same year, Recreational Boats was the 163rd most exported product in Panama. The main destination of Recreational Boats exports from Panama are: Croatia ($911k), Turkey ($610k), Spain ($349k), Ecuador ($321k), and United States ($116k).

The fastest growing export markets for Recreational Boats of Panama between 2021 and 2022 were Croatia ($911k), Turkey ($610k), and Spain ($348k).

Imports In 2022, Panama imported $43.2M in Recreational Boats, becoming the 45th largest importer of Recreational Boats in the world. At the same year, Recreational Boats was the 115th most imported product in Panama. Panama imports Recreational Boats primarily from: Italy ($24.9M), United States ($11.2M), France ($4.01M), Sweden ($789k), and Spain ($680k).

The fastest growing import markets in Recreational Boats for Panama between 2021 and 2022 were Italy ($23.5M), United States ($7.05M), and France ($3.33M).

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Recreational Boats. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.33M
IMPORTS (2022)$43.2M
NET TRADE (2022)-$40.9M

In 2022, Panama exported $2.33M in Recreational Boats. The main destinations of Panama exports on Recreational Boats were Croatia ($911k), Turkey ($610k), Spain ($349k), Ecuador ($321k), and United States ($116k).

In 2022, Panama imported $43.2M in Recreational Boats, mainly from Italy ($24.9M), United States ($11.2M), France ($4.01M), Sweden ($789k), and Spain ($680k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Recreational Boats EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Croatia$911k (1%)
Turkey$610k (1%)
Spain$348k (32.7k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Recreational Boats BY Panama WERE (2021 - 2022):
Italy-$1.06M (-100%)
France-$249k (-97.9%)
South Korea-$101k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in Recreational Boats were:
In 2022, Panama's main importing competitors in Recreational Boats were:

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Trade Value of Recreational Boats by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $277k
TOP IMPORT POTENTIALFrance+ $688k

Recreational Boats’s highest export potential is United States. With an export gap of $277k.   Recreational Boats’s highest import potential is France with an import gap of $688k.

See methodology.

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